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Federated Hermes Inc
NYSE:FHI

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Federated Hermes Inc Logo
Federated Hermes Inc
NYSE:FHI
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Price: 36.12 USD 1.43% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Federated Hermes, Inc. is engaged in the provision of investment management products and related financial services. [ Read More ]

The intrinsic value of one FHI stock under the Base Case scenario is 52.61 USD. Compared to the current market price of 36.12 USD, Federated Hermes Inc is Undervalued by 31%.

Key Points:
FHI Intrinsic Value
Base Case
52.61 USD
Undervaluation 31%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Federated Hermes Inc

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Fundamental Analysis

Federated Hermes Ends Q4 with Rising Assets
2023-Q4 Earnings Call

Federated Hermes Ends Q4 with Rising Assets

Federated Hermes' Q4 saw solid asset growth, hitting a record $758 billion under management with particular strength in money market assets reaching $560 billion, a 17% rise annually. Despite positive market gains, equities experienced $4.7 billion in redemptions. Fixed income improved by $5.1 billion, buoyed by separate accounts, but funds saw redemptions of about $988 million. Total money market assets increased by 7% in Q4 alone. The company also launched new funds and has approximately $3.1 billion in uninvested institutional mandates. Revenue fell by $11.2 million due to lower equity assets and carried interest, while Q4 expenses dropped by $12.3 million. The firm expects seasonally higher compensation expenses in Q1.

Financials

Balance Sheet Decomposition
Federated Hermes Inc

Current Assets 720.7m
Cash & Short-Term Investments 560.7m
Receivables 124.4m
Other Current Assets 35.6m
Non-Current Assets 1.4B
PP&E 130m
Intangibles 1.2B
Other Non-Current Assets 34.5m
Current Liabilities 287.3m
Accounts Payable 88.3m
Accrued Liabilities 174.7m
Other Current Liabilities 24.4m
Non-Current Liabilities 686.2m
Long-Term Debt 347.8m
Other Non-Current Liabilities 338.4m
Efficiency

Earnings Waterfall
Federated Hermes Inc

Revenue
1.6B USD
Cost of Revenue
-69.5m USD
Gross Profit
1.5B USD
Operating Expenses
-1.1B USD
Operating Income
401.2m USD
Other Expenses
-116.2m USD
Net Income
285m USD

Free Cash Flow Analysis
Federated Hermes Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

FHI Profitability Score
Profitability Due Diligence

Federated Hermes Inc's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Year Average ROE
Positive Free Cash Flow
Positive 3-Year Average ROIC
67/100
Profitability
Score

Federated Hermes Inc's profitability score is 67/100. The higher the profitability score, the more profitable the company is.

FHI Solvency Score
Solvency Due Diligence

Federated Hermes Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Low D/E
Short-Term Solvency
80/100
Solvency
Score

Federated Hermes Inc's solvency score is 80/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FHI Price Targets Summary
Federated Hermes Inc

Wall Street analysts forecast FHI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FHI is 38.08 USD with a low forecast of 35.35 USD and a high forecast of 42 USD.

Lowest
Price Target
35.35 USD
2% Downside
Average
Price Target
38.08 USD
5% Upside
Highest
Price Target
42 USD
16% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

FHI Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

FHI Price
Federated Hermes Inc

1M 1M
+3%
6M 6M
+7%
1Y 1Y
-9%
3Y 3Y
+25%
5Y 5Y
+49%
10Y 10Y
+78%
Annual Price Range
36.12
52w Low
30.46
52w High
43.69
Price Metrics
Average Annual Return 12.32%
Standard Deviation of Annual Returns 20.95%
Max Drawdown -65%
Shares Statistics
Market Capitalization 3.1B USD
Shares Outstanding 84 161 600
Percentage of Shares Shorted 1.57%

FHI Return Decomposition
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FHI News

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Company Profile

Federated Hermes Inc Logo
Federated Hermes Inc

Country

United States of America

Industry

Financial Services

Market Cap

3.1B USD

Dividend Yield

3.1%

Description

Federated Hermes, Inc. is engaged in the provision of investment management products and related financial services. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 1,968 full-time employees. The firm sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds) and Separate Accounts (which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products) in both domestic and international markets. In addition, the Company markets and provides stewardship and real estate development services to various domestic and international companies. The firm operates in the investment management business segment. The firm markets its funds to institutional customers and banks, broker/dealers and other financial intermediaries, including retail investors, corporations and retirement plans. The firm also provides a range of services to support the operation and administration of the Federated Hermes Funds.

Contact

PENNSYLVANIA
Pittsburgh
1001 Liberty Avenue, 1001 Liberty Ave
+14122881900.0
https://www.federatedinvestors.com/

IPO

1998-05-13

Employees

1 968

Officers

President, CEO & Chairman
Mr. John Christopher Donahue
VP, Treasurer, CFO & Director
Mr. Thomas Robert Donahue
VP & Director
Mr. John Basil Fisher
Executive Officer
Mr. Gordon Joseph Ceresino
Head of the Tax-Free Money Market Investment Area, Chief Investment Officer, SVP & Sr Portfolio Mngr
Ms. Mary Jo Ochson CFA
VP, Assistant Treasurer & Principal Accounting Officer
Mr. Richard Anthony Novak
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Senior Vice President
Mr. Raymond J. Hanley
VP & Chief Compliance Officer
Mr. Stephen Paul Van Meter
Executive VP, Chief Legal Officer & Secretary
Mr. Peter J. Germain
Senior VP and Director of Marketing & Corporate Communications
Mr. J. T. Tuskan
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See Also

Discover More
What is the Intrinsic Value of one FHI stock?

The intrinsic value of one FHI stock under the Base Case scenario is 52.61 USD.

Is FHI stock undervalued or overvalued?

Compared to the current market price of 36.12 USD, Federated Hermes Inc is Undervalued by 31%.